MRCB

Share px has basically bottomed out breaching May-12's low.

MRCB is only trading at 1.2x book value.

Some of the background and recent news on MRCB

The recent acquisition of Nusa Gapurna will see Datuk Mohamad Salim Fateh taking over the company as Managing Director filling up the top dog position vacant since the departure of Datuk Mohamed Razeek the CEO of MRCB July last year.

Few things to note:

• Nusa Gapurna is a 60:40 JV with EPF.
• Some of DAtuk Salim's position in Corp Malaysia:
• Non-Executive Chairman of GCH (M) Sdn Bhd A.k.a Guardian Pharmacy.
• Commission Member of Malaysian Communication and Multimedia Comm.
• Independent Non-Executive Director and Chairman of BAT.
• Investment Counsellor for Board of Investment of the Government of Pakistan.

From the way I see it, Nusa Gapurna's entrance is a form of gov bail out for MRCB as well as Datuk Salim expanding his influence and obtaining a listed vehicle. Investors might want to keep this counter on their watchlist.